Daily Technical Analysis:GBP/USD、Crude Oil
Welcome to our daily technical analysis of the financial markets, focusing today on GBP/USD and Crude Oil. Let's dissect the latest news, market trends, and crucial price levels to watch out for.
1. GBP/USD Analysis:
News Summary:
Societe Generale said the recent fall in the pound was due to a deterioration in UK economic growth expectations relative to the US. The United States' economic growth prospects have strengthened this year, causing the gap between the United States and the United Kingdom to widen, weakening the pound. Europe, including the UK, doesn't really seem to want a strong economy, while the US does the opposite. This is why U.S. politicians are less picky about fiscal rules, environmental rules, financial industry regulation, and risks in the artificial intelligence industry.
Trend Analysis:
We can see GBP/USD rebounded from a low level and ran near the 48 hours moving average on H4 chart. On the other hand, the MACD double line and energy bar converge near the zero axis. The sell limit could be placed, stop loss is necessary.
Today's Key Price Levels:
Key Support Levels: [1.2120]
Key Resistance Levels: [1.2340]
Pivot Points [1.2300]
2. Crude OiL Analysis:
News Summary:
In its first detailed assessment of global oil supply and demand in 2026, OPEC forecast that oil demand will continue to grow steadily, driven by India and China. The organization wrote in the report that global oil consumption will grow strongly by 1.4 million barrels per day by 2026, in line with this year's expected pace and exceeding expected supply growth. That should allow Saudi Arabia and its OPEC+ allies to resume ramping up production, eventually restarting production at about 2 million barrels per day over the next two years.
Trend Analysis:
We can see crude oil rebounded and moved above the 48 hours moving average. In addition, the MACD double line and energy column are expanding above the zero axis. The buy limit could be used, stop loss is mandatory.
Today's Key Price Levels:
Key Support Levels: [78.00]
Key Resistance Levels: [82.00]
Pivot Points [79.00]